Share buy-back Programme

On 6 March 2018, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 15/2018 of 6 March 2018. The programme is carried out under Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation - MAR) and the resulting delegated legislation. The share buy-back programme is expected to be realised in the period from 7 March 2018 to 22 February 2019. The total share buy-back in the period will not exceed a market price of DKK 400 million.

The following transactions have been made under the programme:

Number ofShares

Average purchase price

Transaction value, DKK

Accumulated, last announcement

784,291

460.26

360,976,739.27

10 December 2018

0

0.00

11 December 2018

0

0.00

12 December 2018

2,702

482.40

1,303,432.64

13 December 2018

0

0.00

14 December 2018

1,000

489.29

489,292.20

Accumulated under the programme

787,993

460.37

362,769,464.11

With the transactions stated above Royal Unibrew owns a total of 913,940 shares, corresponding to 1.8 % of the share capital. The total amount of shares in the company is 51,000,000, including treasury shares.